Nomura: Rising Oil Prices May Delay Bank of Japan Rate Hike

Odaily Nomura economists stated that Japan faces "unprecedented risks" in the future due to persistently high crude oil prices and concerns over petroleum product supply, making it highly likely that the Bank of Japan will postpone interest rate hikes. Compared to the press conference in March, Bank of Japan Governor Kazuo Ueda expressed greater concern in his speech on Monday about the potential downside risks to the economy from the Middle East conflict. Ueda said that if the conflict persists, it will impact the business activities of Japanese companies through supply chain disruptions. (Jin10)